Case Page

 

Case Status:    DISMISSED    
On or around 07/25/2001 (Date of order of final judgment)

Filing Date: October 21, 1999

According to the docket posted, on October 20, 2000, the Court entered the Order by U.S. District Judge Franklin D. Burgess granting the defendants’ motion to dismiss the plaintiffs’ consolidated amended complaint. On July 24, 2001, the Court entered the Order granting the plaintiffs’ motion to voluntarily dismiss with prejudice the claims against GST Telecommunications, Inc. On July 25, 2001, the Court finally entered the Judgment dismissing the case.

The original action asserts claims against GST, certain of its present or former directors and officers and others for violations of Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 by reason of defendants' Class Period concealment of their diversion of a multimillion dollar business opportunity from GST to an entity controlled by certain of the Company's directors. The public did not become aware of the directors' theft of this business opportunity until October 22, 1998 when GST filed suit against the board members involved.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GSTXQ
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. Washington
DOCKET #: 99-CV-5548
JUDGE: Hon. Franklin D. Burgess
DATE FILED: 10/21/1999
CLASS PERIOD START: 11/04/1996
CLASS PERIOD END: 10/22/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease Tabacco Burt & Pucillo (CA)
    425 California Street, Suite 2025, Berman DeValerio Pease Tabacco Burt & Pucillo (CA), CA 94104
    415.433.3200 415.433.6382 ·
  2. Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)
    701 Fifth Avenue, Suite 6860, Cohen Milstein Hausfeld & Toll PLLC (Seattle WA), WA 98014
    206.521.0080 206.521.0166 · lawinfo@cmht.com
  3. Hagens Berman, LLP
    1301 Fifth Avenue Suite 2900, Hagens Berman, LLP, WA 98101
    206.623.7292 · info@hagens-berman.com
  4. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  5. Spector & Roseman, PC
    2000 Market Street, 12th Floor, Spector & Roseman, PC, PA 19103
    215.864.2400 ·
No Document Title Filing Date
COURT: W.D. Washington
DOCKET #: 99-CV-5548
JUDGE: Hon. Franklin D. Burgess
DATE FILED: 03/14/2000
CLASS PERIOD START: 11/04/1996
CLASS PERIOD END: 10/22/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC), DC 20005
    202.408.4600 202.408.4699 · lawinfo@cmht.com
  2. Hagens Berman Sobol Shapiro LLP (Seattle)
    1301 Fifth Avenue, Suite 2900, Hagens Berman Sobol Shapiro LLP (Seattle), WA 98101
    206-623-7292 206-623-0594 · info@hagens-berman.com
  3. Lovell Mitchell & Barth (Bellevue)
    11542 N.E. 21st Street, Ste A , Lovell Mitchell & Barth (Bellevue), WA 98004
    425-452-9800 ·
No Document Title Filing Date